three/4th of demand raised by I-T after searches not upheld, says CAG

2020/09 27 20:09

A report by the Comptroller and Auditor Normal discovered that an undisclosed earnings of Rs 19,108.30 crore unearthed throughout searches didn’t maintain at appellate stage in 2018-19.

This was as a result of additions have been made associated to transactions based mostly on the paperwork discovered, which have been disclosed by the assessee. Additions have been made on assumptions and within the evaluation yr apart from the related yr.


Additional, provisions and sections below which additions have been made weren’t clearly talked about within the order.

Expensive Reader,

Enterprise Commonplace has all the time strived exhausting to supply up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on methods to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome occasions arising out of Covid-19, we proceed to stay dedicated to holding you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial affect of the pandemic, we’d like your help much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We imagine in free, truthful and credible journalism. Your help by means of extra subscriptions might help us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Commonplace.

Digital Editor

Supply hyperlink


Leave a Reply

Welcome (Toggle)